Generally for FD

1. Minimum deposit for 1 month tenure RM5K and 2 months and above RM500.

2. If you have money in Savings Account and you not utilizing it, better you deposit into FD where you earn higher interest rate.

For example you have RM5K in you savings account and the interest rate is 0.5% per annum. Therefore you only earn approximately RM25 per year (why I say approximately is because generally for Savings Account the interest earned is credited monthly into the Savings Account).

If you deposit this same amount of RM5K into Fixed Deposit for 12 month tenure at 3.15%, you will earn RM157.50 upon maturity (i.e. after 1 year). That's RM132.50more than the Savings Account.

Or say, you need to use the RM5K in 3 months time, instead of leaving the money in the Savings Account, you deposit it inot 3 months FD at 3% interest rate. Therefore the interest you will earn is approximately RM5K x 0.03 x 3/12 = RM37.50. Reason why I said approximately is because the actual interest payable is based on the number of days and not months.

So, go check your bank website to see the FD interest rate, or go to 1st page to see some of the rates. If you have RM500 or more, go deposit into FD if you are not utilizing the money or until you are ready for riskier investment.

for maybank efixed deposit,there's 4 choice, u all choose which 1?

if you want to deposit RM1000 to RM4999 only, need to deposit for at least 2 months.
for 1 month tenure, need to deposit at least RM5000.

yes, for RM1000 to RM4999 amount.

The FD cert will show when is the exact mature day.
If you deposit RM5000 or more, you can choose 1 month tenure or more.

Bear in mind, this is for Maybank and CIMB eFD.

you can also talk to your parents besides getting some advices here.

If you are below 18, then open junior saving account at HL bank. The monthly interest rate is the same as one month FD rate which is 2.9%. Saving account has the flexibility of withdrawing anytime